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let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it
let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until...
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Nov 9, 2012
11/12
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economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating downgrade. i just don't think the equity market is going to react as adversely as it did august of it happens. let's soo write headache out and thi think. >> got it. david, thanks so much. >> my pleasure. >> david bianco, chief strategist at deutsche bank. >>> breaking news and our very own mair thompson is on the floor with the stock exchange. ma mary? >> there's a key change way tojt bring to our investors or viewers' attention. this year they're providing a little bit of konk for those submitting new capital plans. they have to submit them by january 7th. if the fed rejects
economy and i think that's what's going to offset the fiscal drag. it really is the global economy, and investment trading and trade. some improvement in skboexport . some things to be encouraged about at least in the sense of wee feel comfortable. 103 dollars and $108 to $110. >> if the lame duck does a can kick, does that force do you refocus on your price target. >> if this leads to see question station and is not done el wantly, it's very likely we're going to get a rating...
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Nov 11, 2012
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economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to republicans, he said, look, we're willing to put these higher revenues on the table. we're willing to close the loopholes in the tax system, get rid of a lot of the car vouts that people benefit from those are rich people. i think republicans are willing to compromise on this. i have to say this. i'm frustrated wall of you on this, because yes, we have a fiscal cliff that's going to hit in january. but let's not forget the whole context of this. we are running $1.2 trillion deficits and we can't keep doing that year after year after year. we have to come u
economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the last few years. stephen moore joins me again. john boehner, stephen, says they will accept higher tax revenues, but not higher taxes. explain that. >> it's not that complicated. we all agree the best way to bring this up is to bring the growth rate up from the 1% we've had in the last year or so. number two, when i talk to...
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Nov 10, 2012
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you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why would you be worried about that? >> because we're at crunch moment. i don't think getting back from the fiscal cliff is going to be that difficult. the moment the reality hits, everyone concerned, common sense will prevail. but what happens after that? >> christine? >> washington showed such terrible leadership in this. it's really horrific. ali, they say it's not going to happen. they don't know how we're going to get there. they also don't team so get even a few days off the fiscal cliff is enough to really hurt stock markets. to really hu
you have an economy that plunges. you have gdp that plunges and you don't have a way to dig out of that. >> if you do go over the fiscal cliff think don't think anyone on this program thinks will happen, really, if you do go over the fiscal cliff, you'll suffer the consequences. the world will suffer the consequences. there's no doubt. what worries me is a mini bargain that fudges the cliff for a moment but does nothing to fundamentally start to address the bigger problems. >> why...
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he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the soul-searching. what do they do next? >> reporter: soul-searching, perhaps civil war. you have to look at this party right now. they have won the popular vote only once since 1988 in the presidential race. and it was probably best summed by the head of the american conservative union. he said the party is too old, too white and too male. they lost young women, single women by 40 points, hispanics by almost 40 points, blacks by more than 80 points. this is a party that has to create a much bigger test. >> so he's saying it's a wakeup call. thank you so much, george. >>> and, as we said, after the big s
he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the...
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Nov 11, 2012
11/12
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he raised taxes and hurt the economy. he lost the next election. i did not have to send a press release saying did you notice the president would not raise taxes and he did, people notice that. it ain't a secret. in utah they ran across the city government that raised taxes. tax increases are like certain social diseases. they stay with you forever. you cannot run for congress or senate having raised taxes. i would really encouraging people to be made and -- to behave and politicians to also be a and not pick up and s t d, tax transmits a political error that will haunt you in the future even when you have reform and are better. >> thank you very much for being here. >> we are back with an russell berman steven sloan after talking with grover norquist. the author of the pledge that many know as the anti-tax pledge, we just heard a recipe from mr. norquist for a stalemate that is coming up. they are all putting their markers down. what are you hearing about what is going to happen over the next couple of weeks? >> it seems like there is a little bit
he raised taxes and hurt the economy. he lost the next election. i did not have to send a press release saying did you notice the president would not raise taxes and he did, people notice that. it ain't a secret. in utah they ran across the city government that raised taxes. tax increases are like certain social diseases. they stay with you forever. you cannot run for congress or senate having raised taxes. i would really encouraging people to be made and -- to behave and politicians to also be...
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Nov 16, 2012
11/12
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but because of the economy, some people say they have no choice. >> it is tight. very tight for people. >> the capitol area of food bank in northwest d.c. also stocked up on 30. 1000 birds were delivered today. that will go to kitchens and food pantries while the pickups will continue. and there is still time for you to get a discounted turkey mail for your family if you need. for all that information just log on to your web site -- to our website wjla.com. abc7 is. >> next at 6:00 -- a place you cannot go until tomorrow. >> and doug has good news about the weekend weather after the break. >> it has been a rough season but a preview of the redskins knew as quarterback. they play sunday at home. an offic >> you are watching abc7 news at 6:00 on your side. >> we continue with another pitch to get all virginia drivers to pay for road construction. >> state senator john watkins is proposing to raise the gasoline tax by 14 cents per gallon. this tax has not been raised since 1986. this could raise money for road work and eliminate the need for a toll on i-95. >> the be
but because of the economy, some people say they have no choice. >> it is tight. very tight for people. >> the capitol area of food bank in northwest d.c. also stocked up on 30. 1000 birds were delivered today. that will go to kitchens and food pantries while the pickups will continue. and there is still time for you to get a discounted turkey mail for your family if you need. for all that information just log on to your web site -- to our website wjla.com. abc7 is. >> next at...
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Nov 11, 2012
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this is not make the economy better. does the tax increase go up? ?hat about the sequestered ta how is delighted to see an interview with direct quotes from mitch mcconnell appeared he said we're not raising taxes to avoid the sequester appeared out rather have the savings over a decade -- from mitch mcconnell. he said we're not raising taxes to avoid sequester. i would rather have the savings over a decade. i am not -- i would rather have the sequester them lose the savings. i would rather have a different ly structured sequester. we're not giving up savings. we either had the sequester or reconstruction it differently. ,hat i think you're going to do at the one thing he could have a compromise on, maybe the only thing you have a real compromise like theoneis republicans savings for the sequestered but they do not want to come out. the democrats theoretically would like the sequesters savings but they do not want to have domestic discretionary. they would both like to in the sequestered but republicans will not do it in a way that allows spending to
this is not make the economy better. does the tax increase go up? ?hat about the sequestered ta how is delighted to see an interview with direct quotes from mitch mcconnell appeared he said we're not raising taxes to avoid the sequester appeared out rather have the savings over a decade -- from mitch mcconnell. he said we're not raising taxes to avoid sequester. i would rather have the savings over a decade. i am not -- i would rather have the sequester them lose the savings. i would rather...
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Nov 16, 2012
11/12
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>> our forecast is a flat economy. we think that starting second quarter we'll see in-investigation in-inversion of the stretrends and we'll sta growing. we're sure we have have introdu major changes and our potential output has switched gear. but it will take time to see it. >> and we heard one ecb board member say he expected to be gripped by this crisis for perhaps a decade. do you think it will take that listening? >> i'm more optimistic than that. i think we are living through a deep crisis clearly without press department since the second world war ii and the situation will need to progress for many years. now, i think that the crisis now with the new innovation in the crisis management and crisis tools has been a major improvement. having solved the crisis of being in sort of the almost there in solving the crisis doesn't mean that the economy now can go back to normal business. we have to go through deep changes to really face an increase in competition worldwide. so that is a long process. >> how important is
>> our forecast is a flat economy. we think that starting second quarter we'll see in-investigation in-inversion of the stretrends and we'll sta growing. we're sure we have have introdu major changes and our potential output has switched gear. but it will take time to see it. >> and we heard one ecb board member say he expected to be gripped by this crisis for perhaps a decade. do you think it will take that listening? >> i'm more optimistic than that. i think we are living...
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i don't think it will make the economy grow 10% but maybe a little bit. >> i still think comprehend -- comprehensive immigration reform is important because it depresses wages when you have 11 million undocumented people. if he could move the people out of that status, that will have a positive benefit not just to those people but to the wages of others. i think educational equity is a critical issue. it is a significant challenge. in the short-term, medium-term, long term, there is much equity in education. it is not something the political process love to discuss. it is a state issue but it is when we need to think more creatively about how to modify. >> it is nice to go last on this one because i can think. the first thing i would do is a really great, high quality, pre- k education for the kids in the bottom 1/3 of the income scale and this is supported by conservatives and liberals alike. it has been written how critically important that as. is. full employment -- in my lifetime, the only time i have seen the income distribution and the mobility issues to improve this when the un
i don't think it will make the economy grow 10% but maybe a little bit. >> i still think comprehend -- comprehensive immigration reform is important because it depresses wages when you have 11 million undocumented people. if he could move the people out of that status, that will have a positive benefit not just to those people but to the wages of others. i think educational equity is a critical issue. it is a significant challenge. in the short-term, medium-term, long term, there is much...
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Nov 16, 2012
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that would be very positive for the economy. it would be positive in getting confidence that we could work together, and i think it would build greater confidence that we will work out the rest of our difficult issues. but secondly i guess i would just say it this way. there is no reason for us not to work out an agreement. the president, yes, has been firm, that he will not extend the bush tax cuts for those making, for income over 250,000, but he's also been very clear that he wants a balanced deal, that he understands there's got to be entitlement savings and health savings that are part of the package. he's been very clear about that, and he has said it every time that he is spoken that open to new ideas, that this is never going to be his way or the highway. and that, unicom he understands that, as i think you said many times, compromise cannot be a dirty word if you want to move our country forward in a period of divided government. >> gene sperling, you have another important meeting over at 1600 pennsylvania avenue with
that would be very positive for the economy. it would be positive in getting confidence that we could work together, and i think it would build greater confidence that we will work out the rest of our difficult issues. but secondly i guess i would just say it this way. there is no reason for us not to work out an agreement. the president, yes, has been firm, that he will not extend the bush tax cuts for those making, for income over 250,000, but he's also been very clear that he wants a...
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>> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would have been a reasonable prediction. getting over 304 mitt romney was within the realm of possibilities, or a reasonable person could conclude. there are lots of issues in polling now that carolina has been following closely better generally troubling to a lot of pollsters. polling procedures are developed in a nation that had landline telephones and a population that answer the phone. we do not live in such a nation anymore. peter researchers found 9% of calls resulted in a complete interview. in 1997 was 37%. is the representative of the larger
>> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would...
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it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is addressed both sides of the atlantic. >> no one has patience for anything that takes more than a couple of days at this point it would seem. thank you very much for joining us this morning. >>> with some corporate news, profit at china's top pc maker grew at its slowest pace this more than two years in the second quarter. gentlemen, lenovo netted higher than roit estimates. shares were done ahead of the earnings release and you can see down about 2.7%. and fresh data from japan suggests the world's third biggest economy is inchi
it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is...
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Nov 11, 2012
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what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have revenues on the table. that does
what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going...
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it won't get us out of the problem and it will also hurt our economy. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reforl. >> now, when i hear that, i don't hear i'm okay letting taxes go up on some people. i hear i'm okay closing loopholes and deductions where some high income earners may pay more than others. is that a deal you could work with? >> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call genuine budget revenue, that's a different story and if that's the case, i'd love to see his proposal. the president has put his on the table for revenue.
it won't get us out of the problem and it will also hurt our economy. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reforl. >> now, when i hear that, i don't hear i'm okay letting taxes go up on some people. i hear i'm okay closing loopholes and deductions where some high income earners may pay more than others. is that a deal you could work with? >> the question is is, what is speaker boehner saying? he really...
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changing the economy through obamacare,. [talng over each other] alking over each other] >> as he told his russia friend, you haven't seen anything yet. neil: bipartisanship reaching t, you don't thinthat's a real? >> again, i don't want to rule out the possibility. i think we will see lot by who plac tim geithner. if he does, he will rely on the business and so forth. but look at what happens. >>e has his friends in there. [talking over each other] >> forgive me, but does anyone believe that a an organization like moveon.org -- [talking over each other] neil: we have the education union president on here and i asked him to make one concession. [talking over each othe neil: they thought it was in regards to this teaching thing. it was being translated to stking it to the rich. not all people are disproportionate and int the government in that way. >> isn't it time to man up? they didn't lose it by landslide. >> therere certain things that the democrats and republicans agree on. onis that we have to grow more. this growth rat
changing the economy through obamacare,. [talng over each other] alking over each other] >> as he told his russia friend, you haven't seen anything yet. neil: bipartisanship reaching t, you don't thinthat's a real? >> again, i don't want to rule out the possibility. i think we will see lot by who plac tim geithner. if he does, he will rely on the business and so forth. but look at what happens. >>e has his friends in there. [talking over each other] >> forgive me, but...
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if the economy grows, people are making more money and that will create more tax revenue. lynn. >> all right, tracie. thanks. >>> now here's a side of the leader of the free world you don't see every day. getting choked up. this all happened on wednesday as president obama thanked staffers and volunteers at his chicago campaign offices. it's some new video that was released by his campaign. take a listen. >> you guys have proved that the work i'm doing is important. i'm really proud of that. i'm really proud of all of you. and what you've -- [ cheers and applause ] >> definitely an emotional moment for everybody that was there. >>> all right. we're going to shift gears a bit. after nearly being killed by jared loughner, former arizona congresswoman gabrielle giffords came face to face with him in a tucson courtroom yesterday. loughner was sentenced to seven consecutive life terms. her husband, mark kelly, told loughner, quote, you may have put a bullet through her head, but you haven't put a dent in her spirit. well said. kelly also blasted arizona governor jan brewer for
if the economy grows, people are making more money and that will create more tax revenue. lynn. >> all right, tracie. thanks. >>> now here's a side of the leader of the free world you don't see every day. getting choked up. this all happened on wednesday as president obama thanked staffers and volunteers at his chicago campaign offices. it's some new video that was released by his campaign. take a listen. >> you guys have proved that the work i'm doing is important. i'm...
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. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the
. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on...
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Nov 9, 2012
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WBAL
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. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimum tax kicks in, more than half the families with two children would oe 4,000 more. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 gov
. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on...
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focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face another four years of a democrat in the white house and at least two more in the senate minority. what the party needs to do to what the party needs to do to regroup for 2 2 2 2 2 2 hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> another white house loss for the g.o.p. coupled with their failure once again to take back the senate. many in the party calling for change. what can republicans do to regroup for 2014 and beyond. ja
focused on the economy and wanted to make the obama economy, but he woke up wednesday morning and probably saw an exit poll figure that had him devastated for people, 50% of the electorate still thought this economy was george w. bush's fault. it's astonishing. >> it's astonishing. >> and one of the failures, not making a distinction in the campaign, the theme explanation why he would be different than george w. bush. when we come back, the soul searching begins as republicans face...
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the economy will contract again. i don't think the markets like what theyaw they sold off the worst day of the year. mariane? went to the professional traders who have serious thoughts about the ability of government? >> second, over the last year has been good for the stock market. but no one can aue we cannot afford failure,till make comment the same thing over and over from 2011. only in washington and does the speaker think he has a mandate is big is the president. >> you have 435 elected meers of the house. the chance is a majority of them will vote for a tax rate increase are minimal. but a bipartisan majority willvote to through the revenues increase throgh limiting deductions is high. that is the way to go. he did ot do that with the price of politics and repaid the economic price. it is harder to solve but the avenue is clear. gerri: i am glad to hear you are not as cynical as i am. now what do you think? who is the party of gridlock? log on and there will share the results of. >> he won another four years b
the economy will contract again. i don't think the markets like what theyaw they sold off the worst day of the year. mariane? went to the professional traders who have serious thoughts about the ability of government? >> second, over the last year has been good for the stock market. but no one can aue we cannot afford failure,till make comment the same thing over and over from 2011. only in washington and does the speaker think he has a mandate is big is the president. >> you have...
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rs of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now when you come in, you can trade up to get a total value of $8,000 on a 2012 chevy silverado all-star edition. from outstanding value to standing the test of time, chevy runs deep. that can only come from having someone else pay your mortgage for an entire year... this is what you'll experience if you win the quicken loans skip-a-year mortgage sweepstakes. up to five winners will get to skip a year
rs of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been...
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. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by the end of the the year? >> i think it is slightly lesson of 50/50 chance. i think it is 50/50 or worse. that is what the market is showing right now. >> i think the market is sending a message and i think it is only a matter of -- when obama's first term began in 2008, we have four years of gridlock. i think there was a message here. i want to be optimistic that they will get a deal. neil: if the market is doing this, they will be forced to. we will see. we do want to keep you aware of it. we will watch it. there is that. we do have the abil
. >> the economy is not getting better. everyone is talking about the economy in the head it will take because of the storm in the northeast. getting back to the map, the real killers making 40% of the revenue. wal-mart backing up their sales. on thanksgiving and when you hear these things and we talk about 1% growth, it just feels like that. it is a matter of a couple of quarters -- i believe it will get into the textbook of negative growth. neil: do you think they will have a deal by...
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people may reduce their holiday buying. >> the fiscal cliff could cause the economy to slide back into recession and raise the unemployment rate to 9.1%. >> the bottom line is, markets already saying, we are not sure what is happening here. the ultimate irony is this would have happened regardless of who got elected president. >> president obama is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next week. >> here is a look at some of our other top stories at this hour. cia director david petraeus has resigned to night because of an extramarital affair. in his letter of resignation, he said he asked president obama for permission to step down, saying his behavior was unacceptable as a husband and an official. president obama did accept the resignation. he said the four-star general has made our country safer and stronger. transportation officials have confirmed that they are investigating theft and misconduct by transportation department personnel. an extensive investigation has revealed employees received more t
people may reduce their holiday buying. >> the fiscal cliff could cause the economy to slide back into recession and raise the unemployment rate to 9.1%. >> the bottom line is, markets already saying, we are not sure what is happening here. the ultimate irony is this would have happened regardless of who got elected president. >> president obama is urging congress to act to avert this fiscal cliff. he is planning to meet with leaders of both parties in the white house next...
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Nov 13, 2012
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the first priority needs to be job growth, growth of the economy over all. we've got to get a recovery that is even stronger than we have now before we turn to serious deficit reduction. >> eliot: every now and again when i engage with a republican, let's take philosophy out of this and let's see how it works. you predicted inflated interest rates and the three big arguments that they make, it has been disproven conclusively as well. what is their economic argument. is there one that has not been thoroughly debunked. >> i don't think they have an economic argument. i have not heard an economic argument. they say if you increase taxes on people who are wealthy you're going to slow economic growth but other reports suggest that is not the case. there is no correlation at all between increasing tax rates at the top and economic growth. to the contrary there seems to be a correlation between actually increasing rates on the top and increasing economic growth. bill clinton increased taxes and we had a much better economy than we had after george w. bush who cut t
the first priority needs to be job growth, growth of the economy over all. we've got to get a recovery that is even stronger than we have now before we turn to serious deficit reduction. >> eliot: every now and again when i engage with a republican, let's take philosophy out of this and let's see how it works. you predicted inflated interest rates and the three big arguments that they make, it has been disproven conclusively as well. what is their economic argument. is there one that has...
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the actual comparison should be the clinton economy versus the bush economy. in the clinton years, tax rates ran 39% for the super wealthy. we are balanced. we have a surplus in terms of the budget and tremendous economic growth. the bush years, we drop the rate and we found ourselves, because of -- >> that's zero job creation. >> and the worst economy since the depression. europe is a false compareson. look at what's happened in america. >> we commercialize the internet in 1993. it's like commercializing the telephone. if you want to look at the effect the telephone has versus tax rates, you have to go, everybody got the telephone in 1990. us, europe, japan. we killed everybody, okay? because we had lower marginal tax rates and more innovation. you can't make the comparison today without taking the internet into it. >> darpo is a government funding entity that created the internet. it did. i want to bring in shard brown after this. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our interne
the actual comparison should be the clinton economy versus the bush economy. in the clinton years, tax rates ran 39% for the super wealthy. we are balanced. we have a surplus in terms of the budget and tremendous economic growth. the bush years, we drop the rate and we found ourselves, because of -- >> that's zero job creation. >> and the worst economy since the depression. europe is a false compareson. look at what's happened in america. >> we commercialize the internet in...
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we're on the edge, a weak economy, and if you raise taxes, and you do stay tuned things, we're going back into a double dip. the question is how do you get the revenues? i mean, listen, i think it has to be done through tax reform. i think -- i don't know -- neil: can't do tax reform now, though. i feel you got to get past -- >> that's boehner's plan. house -- the speaker, believes that you do a stopgap measure. this is what i was told by people in washington, do the big grand deal, and that depends on ho who is the trash ri secretary. any executive meeting with barack obama over the past four years says the guy, when it comes to economics, he doesn't care. you talked to people -- neil: it bores him. >> talk to people on that jobs committee, and they tell you that these meetings were profunk ri at best reading off the tell prompter. neil: i can't stand people who read -- okay, melissa, another crack pot that advances you. democrats might want to let the thing explode. >> yeah. neil: so early in the administration, they can pick and choose carcasses in the new year. >> i guess. i mean
we're on the edge, a weak economy, and if you raise taxes, and you do stay tuned things, we're going back into a double dip. the question is how do you get the revenues? i mean, listen, i think it has to be done through tax reform. i think -- i don't know -- neil: can't do tax reform now, though. i feel you got to get past -- >> that's boehner's plan. house -- the speaker, believes that you do a stopgap measure. this is what i was told by people in washington, do the big grand deal, and...
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you know even just one % of economy growth. we've seen the dismal growth, just 1%, would give you 280 billion-dollars, -- excuse me -- 2.8 trillion. neil: but. but. your definition of growth, i will let you finish. your definition of growth, which is a soup one, is not the -- sound one is not the president's definition of growth. he wants that pro verbial tax hike head on the platter. >> the president talks about raising taxes on millionaires, he is talking about raising taxes on small business owners, we know that we looking at his budget plan, top two marginal rates, they pay through the personal side of the tax code. >> they say 3%. but it works out to half of the revenue. on the small business world, and almost half hiring, -- steve? >>well, you know, you know me, neil, i hate rate increases, they do significant damage to the economy, truth and i want the rich to pay more taxes i want them to pay more taxes and because they are making more money. you know we have 50 year low in taxes as share of gdp, because this economy is
you know even just one % of economy growth. we've seen the dismal growth, just 1%, would give you 280 billion-dollars, -- excuse me -- 2.8 trillion. neil: but. but. your definition of growth, i will let you finish. your definition of growth, which is a soup one, is not the -- sound one is not the president's definition of growth. he wants that pro verbial tax hike head on the platter. >> the president talks about raising taxes on millionaires, he is talking about raising taxes on small...
WHUT (Howard University Television)
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we also know the most important topic on everyone's mind is the economy. hispanic unemployment is up 2 to 3 points higher than the general population. that is unacceptable. hispanics are hard hit by obama's. >> that was mario lopez, president of the hispanic leadership. your response? >> what they are going to have this time around is, as a result of the latino vote, you're going have many more hispanic representatives. republican and democrat. we have three latino senators in the u.s. senate in the country with the victory of ortiz, a republican t partyer in taxes, and marco rubio, the republican in florida and bob menendez, democrat in new jersey. all three are keeping american. and all three are very conservative on foreign policy. some domestic policies, they will find ortiz and rubio will slightly lead some of the charge in the republican ranks in the senate to adopt some kind of comprehensive immigration reform. i think the time has come for the country to do comprehensive reform. as i have said many times over the last year or two, immigration refor
we also know the most important topic on everyone's mind is the economy. hispanic unemployment is up 2 to 3 points higher than the general population. that is unacceptable. hispanics are hard hit by obama's. >> that was mario lopez, president of the hispanic leadership. your response? >> what they are going to have this time around is, as a result of the latino vote, you're going have many more hispanic representatives. republican and democrat. we have three latino senators in the...
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we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my question is let's say that it's not a bungee, let's say it's a rope. so you jump and then yo
we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would...
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. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challenge. does the president have confidence or belief that the other side, that would be mitch mcconnell, the senate republican leader, or john boehner, the speaker, are up to a
. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more scompanies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the custors what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during our semi-annual sleep sale, save $500 on our cl
everyday you see all the ways all of us at us bank are helping grow our economy. lending more scompanies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the custors what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips....
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina and i'm the one that got barack obama fired up. >> everyone is sayed fired up and ready to go. >> fired up ready to go. >> it shows you what one voice can do. >> president obama wanted edith childs at his final appearance as a candidate. >> we knew we were coming back to des moines for the last campaign rally i will ever do for me and so, you know we were getting kind of sentimental and we called up edith childs and we said why don't you come on up. [ cheers and applause ] >> listen to this. we said why don't you come on up and we'll fly you up from south carolina and you can do
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> where did they go? >> i'm ed ith childs from greenville south carolina...
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when you came out with your plan initially, the fed had pumped all this money into the economy. how do things change since then? we're going to get back to that. first, let me get back to headquarters. there's a lot of stock stories in the after hours. we want to bring them to you. here's a quick market flash. >> that's right. nike announcing a two-for-run stock split and dividend boost. that's up as a result. gap reports earnings per share of 63 cents, in line with expectations. better than expected revenue. they also upped their earnings guidance. pc maker dell misses by a penny on the bottom line. that's the fourth straight quarter of profit decline. that's a big one. we're going to continue to watch that. you can see shares have now fallen in the after hours trading, down a percent. maria. >> all right, court. thanks very much. our special "rise above" edition of the "closing bell" continues. we have alan simpson and erskine bowles here with me in the house. later, we'll get a reaction from etna ceo on the debt. wait until you hear their fiscal cliff contingency plans. back
when you came out with your plan initially, the fed had pumped all this money into the economy. how do things change since then? we're going to get back to that. first, let me get back to headquarters. there's a lot of stock stories in the after hours. we want to bring them to you. here's a quick market flash. >> that's right. nike announcing a two-for-run stock split and dividend boost. that's up as a result. gap reports earnings per share of 63 cents, in line with expectations. better...